Business Level 3 Unit 1 P2
Describe the different stakeholders who influence the purpose of two contrasting business.
Stake Holders for Marks & Spencer’s and Pool Hayes Community School:
1. Customers 2. Management 3. Suppliers 4. Employees 5. Owners/Share holders 6. Trade Unions\Employer Associations 7. Local & National Communities 8. Environment 9. Government
Customers are the most important stakeholders in Marks & Spencer’s as they are the people that by there products off of them. They have the potential to make the business or break the business. The customer that buy form Marks & Spence will want to see regular change so that they keep buying there different products, this in turn ill stop them from going in competitors stores and spend their money in those. Marks & Spencer should also evaluate there offers and promotions that they will offer as because the customers will want to see different offers and not the same ones every time that walk in to your store.
The management of Marks & Spencer’s is one of key stakeholders out of all of them as they will be making sure that all of the below stakeholders are in order and working well. They have a direct impact on what goes on in the business, so it important …show more content…
The flip side to building a new store in the area is that is might bring many more people in to the town of city witch might also help the other business in the local area. The second thing the business will want to make sure of is that the building and the opening of the new store or warehouse are not disrupting the local
Stake Holders for Marks & Spencer’s and Pool Hayes Community School:
1. Customers 2. Management 3. Suppliers 4. Employees 5. Owners/Share holders 6. Trade Unions\Employer Associations 7. Local & National Communities 8. Environment 9. Government
Customers are the most important stakeholders in Marks & Spencer’s as they are the people that by there products off of them. They have the potential to make the business or break the business. The customer that buy form Marks & Spence will want to see regular change so that they keep buying there different products, this in turn ill stop them from going in competitors stores and spend their money in those. Marks & Spencer should also evaluate there offers and promotions that they will offer as because the customers will want to see different offers and not the same ones every time that walk in to your store.
The management of Marks & Spencer’s is one of key stakeholders out of all of them as they will be making sure that all of the below stakeholders are in order and working well. They have a direct impact on what goes on in the business, so it important …show more content…
The flip side to building a new store in the area is that is might bring many more people in to the town of city witch might also help the other business in the local area. The second thing the business will want to make sure of is that the building and the opening of the new store or warehouse are not disrupting the local